You are correct, it is not difficult to program an EA to take trades mechanically. Just about any strategy can be programmed if it can be clearly and un-ambiguously defined. Find me a strategy that is profitable when traded mechanically, and I will ...

Are there any automated trading systems?

Is there some aspect of trading you enjoy? Or are you just in it for money?

Are there any automated trading systems?

Awesome Oscillator — The Awesome Oscillator is not really an oscillator. Sorry. I don't find anything particularly awesome about it either. Awesome Oscillator is a MACD which uses 5 and 34 SMA of median price, (H + L) / 2. If a bar is higher ...

Understanding Indicators

CCI - Commodity Channel Index — CCI compares typical price (H+L+C / 3) difference from an SMA to the average deviation from that SMA over the same time period. The CCI calculation starts out with a Simple Moving Average of Typical Price. If ...

Understanding Indicators

Funny that you mention that. The more I understand them, the less I look at them. I'm sure they never tell you anything that you can't see by "eyeballing" price action. However, for automated trading signals, they are necessary. Note that I said ...

Understanding Indicators

RSI — RSI stands for Relative Strength Indicator. Put simply, RSI is a function of the amount of change in closing prices. It is a leading or coincident indicator, never lagging. To calculate RSI, first you calculate RS, or Relative Strength. ...

Understanding Indicators

Stochastic Oscillator — Stochastic Oscillator Webster’s defines Stochastic as “involving a random variable” or “involving chance or probability”. Either could apply here, even though they are contradictory. Dictionary.com’s definition states, ...

Understanding Indicators

I never place trades during those hours. They must have forgot to reset it, because this happened Sunday evening.

OANDA Discussion

OANDA Spreads — If you're on OANDA, take a good look before you place a trade. I just got hit with a 20 pip spread on the GBP/JPY because I didn't look. I assumed it was the same as always..... One more lesson learned the hard way. But, ...

OANDA Discussion

What in tarnation??????? — I like the way the stochs look right now, as well as price action, so I shorted the G/J. MUCH TO MY SHOCK, I WAS DOWN 20 PIPS UPON ENTRY. CAN ANYONE TELL ME WHY THERE'S A FREAKING 20 PIP SPREAD????? That's on OANDA. ...

MTF Stochastics

I'd be interested in taking this on. A good grid trader might work really well in the summer market. I've got a lot on my plate right now for a guy with no job, but maybe next week I'll take a look at these.

Grid Trading

L.C., I'd say you are one of the good ones out there.

Who/WHAT do you trust?

L.C., Please start a new thread in the "trading systems" forum. Your system will get better exposure that way and discussions about it will all be in that one thread. For this thread I intended only understanding, not usage of indicators. Thanks. ...

Understanding Indicators

Laugh all you want. I said there are times when it takes billions. Read "The New Market Wizards" then see what you think. Bill Lipschutz was short $3 billion. The market moved against him because of a speech. He hit it with another $300 million ...

Forex Gang Trade

Then a gang of us will be stuck with them since the market may not be liquid enough for us all to get out. If we move the spot market, the herd will follow. If we move 2008 futures, even those who would notice will not jump in since it is so far in ...

Forex Gang Trade

If 1000 of us all traded one standard lot, that would be 100 Million. Not enough. I think it takes a good deal more than that to cause a move larger than just normal noise. Sometimes a few hundred million would move it, other times it takes 10's of ...

Forex Gang Trade

Value of indicators — I will say one thing regarding the use of indicators. When I was first told this it knocked my socks off, and since then I've seen it expressed in varying degrees by many on this forum. Here it is: "Indicators, ...

Understanding Indicators

Williams %R — Williams Percent R is an oscillator which was invented by Larry Williams, the famous futures trader. The “R” stands for “range”, so you could call this indicator “percent range”. The word “oscillator” refers to anything that ...

Understanding Indicators

Categories of Indicators — According to Dr. Alex Elder, in “Trading for a Living”: “Professionals divide indicators into three groups: trend-following indicators, oscillators, and miscellaneous. Trend-following indicators work best when ...

Understanding Indicators

MACD — MACD stands for “Moving Average Convergence / Divergence”. So all a MACD line really represents is how two moving averages are moving, relative to each other. I’ll use the common settings 12, 26, 9 for the example. To calculate MACD, ...

Understanding Indicators